Which of the following does not affect the equity of a business?

A. Dividends
B. Wages Expense
C. Services Revenue
D. Common Stock
E. Unearned Revenue


Answer: E

Business

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Miguel Foods, Inc purchased a patent at the beginning of 2013 for $350,000 . Economic benefits were expected for 7 years, but the patent's legal life was 20 years. Also during 2013, the company incurred research and development costs of $270,000 . Patent amortization expense for 2013 is

a. $11,000 b. $17,500 c. $31,000 d. $50,000

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A person who receives a check as a gift cannot qualify as a holder in due course.

Answer the following statement true (T) or false (F)

Business

When conducting international marketing research, focus group moderators should not only be trained in focus group methodology but should also be familiar with the ________ of the country

A) language B) culture C) patterns of social interaction D) all of the above

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Assumption of the risk is a defense a defendant can use against a plaintiff who knowingly and voluntarily participates in a risky activity that results in injury.

Answer the following statement true (T) or false (F)

Business